# Virginia SB505: Electric utilities, certain; purchased power cost risk mitigation practices.

Virginia SB505, Electric utilities, certain; purchased power cost risk mitigation practices., is a 2026 Regular Session Senate bill sponsored by R. Creigh Deeds (Democratic); status signed, last action 2026-03-31 (Acts of Assembly Chapter text (CHAP0030)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-SB505-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB505
- State: Virginia
- Session: 2026 Regular Session
- Title: Electric utilities, certain; purchased power cost risk mitigation practices.
- Status: signed
- Chamber: Senate
- Introduced: 2026-01-13
- Last action: 2026-03-31, Acts of Assembly Chapter text (CHAP0030)
- Sponsor: R. Creigh Deeds (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 7 (210 yes, 1 no in all)
- Economic provisions PRIA read: 1

## Summary

State Corporation Commission; electric utilities; fuel and purchased power cost risk mitigation practices. Directs the State Corporation Commission, in certain cost recovery proceedings and other annual filings as determined by the Commission, to examine the efficacy and sufficiency of fuel and purchased power cost risk mitigation practices by Dominion Energy and Appalachian Power. Under the bill, the Commission is required to include legislative recommendations related to effectively regulating fuel and purchased power cost risk in an existing report. This bill is identical to HB 1256.

## Bill overview: provisions PRIA read

- State review of utility fuel costs: benefit, low. Beginning July 1, 2026, state regulators review how Phase I and Phase II utilities manage fuel and purchased‑power cost risks. They consider national best practices, like cost sharing and hedging, and a 2024 consultant report on regulatory tools. They also quantify how utility‑owned or contracted r…

## Sponsors and cosponsors

- Sponsor: R. Creigh Deeds (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-27 | House | Passed House | pass | 96 | 0 |   |
| 2026-02-24 | House | Reported from Labor and Commerce | pass | 21 | 1 |   |
| 2026-02-13 | Senate | Read third time and passed Senate Block Vote | pass | 39 | 0 |   |
| 2026-02-12 | Senate | Commerce and Labor Substitute agreed to | pass | 0 | 0 |   |
| 2026-02-11 | Senate | Passed by for the day Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-02-11 | Senate | Constitutional reading dispensed Block Vote (on 1st reading) | pass | 40 | 0 |   |
| 2026-02-09 | Senate | Reported from Commerce and Labor with substitute | pass | 14 | 0 |   |

## Actions (30)

- 2026-03-31: Acts of Assembly Chapter text (CHAP0030) (Governor)
- 2026-03-31: Approved by Governor-Chapter 30 (effective 7/1/2026) (Governor)
- 2026-03-12: Fiscal Impact Statement from State Corporation Commission (SB505) (Senate)
- 2026-03-10: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor)
- 2026-03-10: Enrolled Bill communicated to Governor on March 10, 2026 (Senate)
- 2026-03-04: Bill text as passed Senate and House (SB505ER) (Senate)
- 2026-03-04: Enrolled (Senate)
- 2026-03-04: Signed by President (Senate)
- 2026-03-04: Signed by Speaker (House)
- 2026-02-27: Passed House (96-Y 0-N 0-A) (House)
- 2026-02-27: Read third time (House)
- 2026-02-26: Read second time (House)
- 2026-02-24: Reported from Labor and Commerce (21-Y 1-N) (House)
- 2026-02-18: Referred to Committee on Labor and Commerce (House)
- 2026-02-18: Read first time (House)
- 2026-02-18: Placed on Calendar (House)
- 2026-02-16: Fiscal Impact Statement from State Corporation Commission (SB505) (Senate)
- 2026-02-13: Read third time and passed Senate Block Vote (39-Y 0-N 0-A) (Senate)
- 2026-02-12: Commerce and Labor Substitute agreed to (Senate)
- 2026-02-12: Engrossed by Senate - committee substitute Block Vote (Voice Vote) (Senate)
- 2026-02-12: Read second time (Senate)
- 2026-02-11: Passed by for the day Block Vote (Voice Vote) (Senate)
- 2026-02-11: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) (Senate)
- 2026-02-11: Rules suspended (Senate)
- 2026-02-10: Committee substitute printed 26107572D-S1 (Senate)
- 2026-02-09: Senate committee offered (Senate)
- 2026-02-09: Reported from Commerce and Labor with substitute (14-Y 0-N) (Senate)
- 2026-02-05: Fiscal Impact Statement from State Corporation Commission (SB505) (Senate)
- 2026-01-13: Referred to Committee on Commerce and Labor (Senate)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26104695D (Senate)

## Bill text

- Chaptered, 2026-03-31: [HTML](https://lis.blob.core.windows.net/files/1214890.HTML), [PDF](https://lis.blob.core.windows.net/files/1214889.PDF)
- Enrolled, 2026-03-04: [HTML](https://lis.blob.core.windows.net/files/1188619.HTML), [PDF](https://lis.blob.core.windows.net/files/1188618.PDF)
- Substitute, 2026-02-10: [HTML](https://lis.blob.core.windows.net/files/1136066.HTML), [PDF](https://lis.blob.core.windows.net/files/1136065.PDF)
- Substitute, 2026-02-09: [HTML](https://lis.blob.core.windows.net/files/1135802.HTML), [PDF](https://lis.blob.core.windows.net/files/1135801.PDF)
- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1090609.HTML), [PDF](https://lis.blob.core.windows.net/files/1090608.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1214890.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1214889.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1188619.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1188618.PDF)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1136066.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1136065.PDF)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1135802.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1135801.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1090609.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1090608.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB505-2026 (as of 2026-10-12).